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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (9932)	4/4/1998 12:03:00 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 15196

MERGERS - ACQUISITIONS / Status on Archer Resources Sale DOMINION ENERGY OBTAINS REGULATORY APPROVAL FOR ARCHER RESOURCES ACQUISITION RICHMOND, Va., April 3 /CNW/ -- A proposed offer by Dominion Energy to acquire Archer Resources Ltd. was approved by the Canadian Ministry of Industry under the Investment Canada Act on April 1. Dominion Energy, the natural gas and independent power subsidiary of Dominion Resources Inc. (NYSE: D), announced its plans to purchase Archer Resources, a publicly traded natural gas exploration and production company based in Calgary, on March 11. The cash offer of C$7.60 per share was mailed to Archer shareholders on March 18 and is open for acceptance until 11:59 p.m. (MDT) on April 9. Dominion Energy's offer is being made through Dominion Acquisition Inc., a wholly owned subsidiary.